New financial technologies are facilitating increasingly intricate flows of capital and are opening up a new era of economic growth. New markets, new asset classes, and new ways of creating and exchanging value are just the beginning.
In light of the SEC’s recent guidance regarding The DAO, ShapeShift will review the tokens listed on its platform. ShapeShift may delist tokens that could be classified as securities under the Howey Test.
The Australian Parliament posted on its website a draft of the Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2017. The bill would provide a definition for digital currency and begin the regulation of exchanges, requiring that service providers register through AUSTRAC.
In December 2015, ex-Secret Service agent Shaun Bridges was sentenced to 71 months in federal prison for the theft of government-seized bitcoin. On Monday, the US government brought money laundering charges against the rogue agent.
From Ponzi schemes to boiler rooms, cryptocurrency criminals are always looking for new victims. Fortunately, law enforcement has been up to the challenge – a promising sign for the future health of the digital asset ecosystem.